1- Given the demand and supply functions, Pa= 124 - 4.5 Q and Q. = -16.5 + 0.5P, respectively. i- Find the equilibrium point ii- Algebraically. iii- Graphically iv- If a tax of 30 per unit is imposed calculate the equilibrium point, v. The distribution of tax. Show the distribution of tax graphically.

1- Given the demand and supply functions, Pa= 124 - 4.5 Q and Q. = -16.5 + 0.5P, respectively. i- Find the equilibrium point ii- Algebraically. iii- Graphically iv- If a tax of 30 per unit is imposed calculate the equilibrium point, v. The distribution of tax. Show the distribution of tax graphically.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter17: Taxation And Resource Allocation

Section: Chapter Questions

Problem 4TY

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